SG Capital Management LLC Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

SG Capital Management LLC bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 254,297 shares of the industrial products company's stock, valued at approximately $26,907,000. Casella Waste Systems makes up 2.6% of SG Capital Management LLC's portfolio, making the stock its 11th biggest position. SG Capital Management LLC owned about 0.40% of Casella Waste Systems as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CWST. Bank of Montreal Can lifted its holdings in Casella Waste Systems by 71.7% in the fourth quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock worth $550,000 after acquiring an additional 2,172 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Casella Waste Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after buying an additional 14,369 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Casella Waste Systems during the fourth quarter valued at $201,000. Principal Securities Inc. lifted its position in Casella Waste Systems by 11.0% in the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 196 shares during the last quarter. Finally, Barclays PLC boosted its stake in Casella Waste Systems by 29.0% during the 3rd quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock valued at $13,122,000 after purchasing an additional 29,686 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Down 1.4%

Shares of CWST traded down $1.61 on Wednesday, hitting $114.58. The company's stock had a trading volume of 120,758 shares, compared to its average volume of 380,747. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 497.96, a P/E/G ratio of 3.86 and a beta of 0.89. The firm's fifty day moving average price is $113.52 and its 200-day moving average price is $110.44. Casella Waste Systems, Inc. has a fifty-two week low of $91.01 and a fifty-two week high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president now directly owns 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. 4.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CWST shares. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. TD Cowen began coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.67.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.